Applying The Best Practices In Your Medical Billing

Medical billing is really a central pillar of any health care practice.

It is considered as one of the most important aspects of running a successful practice. With the right team and proper knowledge and process of medical billing, it can increase revenue and profitability. However, If done improperly without using best practices, it can cause all kinds of financial difficulties for your facility and its staff, and this can lead to lowered standards of patient care and less patient satisfaction.

So what are the best practices in billing? Well, here’s a short list of the best practices in medical billing:

Researching Prior To Rendering Services

Prior to service rendering to the patient, it would be wise to assess their eligibility for medical insurance coverage claims. Failing to secure insurance information may leave your practice in the lurch if a patient is unable to pay for the services or if the patient’s insurance policy does not cover the services that were rendered. This is considered important for patient satisfaction as no patient wants to walk to the check-out desk and then find out that they are on the hook for costs that they thought were covered.

Code Your Billing Documents Correctly

Once your billing staff has determined the financial responsibility of a patient, they will need to properly code billing documents. Proper coding will ensure that a patient is paying for the services that he or she has received, and it will also ensure that your practice is receiving the correct payment for services rendered. Failing to properly code billing documents can confuse patients and frustrate them, and it can also mean lost revenue for your practice.

Verify Everything

Denials or delays in receiving funds from a claim is possible if your medical billers commit an error such as typos. It is one of the most common causes for a denials or delays. A single mistake, such as a misplaced letter, can be just as serious as a complete and total substitution of patient name data when it comes to claims rejections. Furthermore, thorough verification in all documents prior to sending them off is very important. Rejected or delayed claims not only hurt your practice’s cash flow, but they can also lead to irate customers.

Consider Outsourcing Your Medical Billing to Park Medical Billing

Finally, you can alleviate a lot of headaches, both for you and your patients, by outsourcing your medical billing to a reliable partner, like Park Medical Billing, where they have advanced billing options. Medical Billing can be a demanding and challenging task for many medical practitioners, which is why there are medical practices that outsource their medical billing to relieve them from further tasks.

Park Medical Billing is your reliable partner for all bills that will surely be submitted on time with the correct information. We know and fully understand the importance of correct informations and error-free claims so there won’t be delays or denials.

Feel free to get in touch with us and we’ll be more than happy to assist you and your business.

Testimonials

Brett Michener, CEO, PT, CSCS,TPI CGFI

Since hiring Park Medical Billing we have been impressed with their level of knowledge of physical therapy billing practices and exemplary customer service. Park’s team has turned around a desperate situation and retuned us... Continue Reading

I have worked with many billing companies as time as a Practice Manger. All the previous companies only worried about what best worked for them not my clinic. Then I started working with Park Medical Billing. This company truly puts their clients needs first. They have customized reports, updated their site for our convenience. They also have an amazing quick turn around time with answers and solutions. I have never been so happy to work with a billing company before them. I truly recommend anyone to try them out. You will not be disappointed.

We have worked with Park Medical Billing for about 1 year and we are extremely happy with the level of service they have provided. We have worked with other billing companies that charge a premium for their billing services without providing the same level of service as Park Medical. Our account manager at Park Medical is extremely knowledgeable and responsive to the needs of our clinic. As a result, our bottom line has improved. I highly recommend Park Medical Billing services.

Everyone at Park Medical billing is very friendly, knowledgeable and professional. They know Physical Therapy billing !!!
Always able to speak with someone in the office who can take care of any billing questions you might have.
Extremely happy with this company and highly recommend.

As the owner and Clinical Director, I was extremely impressed with the level of commitment to have the staff from PMB not only listen to my concerns and questions, but to promptly and quickly respond and resolve. The other component of their services, is their desire to share ideas and possibilities to improve my overall revenue. I would recommend the services of PMB and their staff, without ANY RESERVATIONS!!!!
Luis Hincapie, MPT, ATC
Clinical Director/ Co-owner

Park Medical Billing is a team of experienced, well-trained professionals dedicated to delivering the best reimbursements. After a less-than-stellar billing experience with a large software company, PMB streamlined our billing procedures and increased our revenue. Chol facilitated a smooth transition. His staff are attentive and responsive to the needs of our outpatient physical therapy practice. I am very glad that we made the switch to PMB!

I have recently transitioned to Park Medical Billing and am very happy with the decision to do so. As the Clinical Director, I am very pleased with the prompt response to any and all questions. Chol and his staff are willing to consistently work with my employees and always find a solution that works best for my company. The staff of PMB especially Monica, work extremely hard and are dedicated to customize our experience. Overall, PMB has been outstanding as each staff member goes above and beyond while working with my company. I highly recommend Chol and the staff at Park Medical Billing.

We have been in business for 15 years. Since our beginning, we have always handled our Billing and Collections in-house. Over the past year, we contemplated outsourcing this component. We called a few companies, and were underwhelmed with what they had to offer. We then called Chol and Park Medical Billing. From the outset, it was evident to us that they stood out above the other companies we had spoken to. Within a week, they were in our office doing a power point presentation. The decision to move forward with them was a no-brainer, and we have not been let down. Since the beginning, Park Medical has provided excellent service. They have always been accessible, and have worked earnestly to handle any questions or concerns we have had, in a professional and cordial manner. They have worked with us to customize presentation of data to meet our specifications. Park Medical is a very professional, diligent, courteous company who I would recommend to anyone considering this service.